Previous close | 0.1000 |
Open | 0.1000 |
Bid | 0.0000 |
Ask | 0.0000 |
Strike | 20.00 |
Expiry date | 2022-08-19 |
Day's range | 0.1000 - 0.1000 |
Contract range | N/A |
Volume | |
Open interest | 117 |
After cruise stocks sank in response to an analyst's downgrade Monday, investors refloated their boats on Tuesday morning, apparently based on some optimistic commentary from the CEO of Carnival (NYSE: CCL). As of 11 a.m. ET, shares of Carnival had regained 2.6%, Norwegian Cruise Line Holdings (NYSE: NCLH) was up 3.1%, and Royal Caribbean (NYSE: RCL) was leading the pack higher with a 3.9% gain. Citing recession risk, investment bank Stifel Nicolaus "drastically" cut its earnings estimates for Carnival on Monday.
Image source: The Motley Fool. Carnival (NYSE: CCL)Q2 2022 Earnings CallJun 24, 2022, 10:00 a.m. ETContents: Prepared Remarks Questions and Answers Call Participants Prepared Remarks: Arnold Donald Good morning, and welcome to our business update conference call.
Shares of cruise line stocks had a rough start to the week after a Wall Street analyst downgraded expectations because of the risk of a recession. Shares are trading lower for all of the major cruise lines despite the stock market rising slightly in morning trading. As of 11:00 a.m. ET, Carnival Corporation (NYSE: CCL) is down 2.9%, Norwegian Cruise Line (NYSE: NCLH) is down 3%, and Royal Caribbean Cruises (NYSE: RCL) has fallen 3.5%.